Fibonacci

The price of Polkadot (DOT) is in a downtrend, but has recorded a new decline. Sellers have broken the current support at $5.98, which has held since July.

Cryptocurrencies are trading in the downtrend zone and have dropped significantly. Many of the cryptocurrencies have reached the oversold region of the market. Perhaps the altcoins are experiencing a respite as buyers are emerging.

The price of Ethereum (ETH) is in a sideways trend as the largest altcoin consolidates above the $1,200 support. In recent price action, Ether has moved between $1,220 and $1,400.

Binance Coin (BNB) price is still in a narrow trading range. Since the price collapse on October 10, BNB has been hovering between $260 and $280.

Today, Bitcoin (BTC) price drops to the low of $18,900 as bulls buy the dips. As usual, BTC will rise but face rejection at the moving average lines.

Cryptocurrencies are trading in bullish trend zones as buyers challenge resistance levels. Some of the altcoins failed to continue the bullish momentum as the market reached the overbought regions.

Litecoin (LTC) price is in a downtrend as it falls to the $50 low and resumes its upward move. In the last 48 hours, Litecoin has been making bullish moves.

The price of Ripple (XRP) is in the bullish trend zone as it has retreated below the 21-day line SMA. The cryptocurrency asset has fallen to $0.44 and resumed consolidation above this level.

The price of Ethereum (ETH) is trading in the downtrend zone and below the 21-day line SMA. The largest altcoin is trading above the $1,300 support, which allows for a possible upward movement.